c_harmons | Indy Week

c_harmons 
Member since Jun 17, 2007


Stats

Friends

  • No friends yet.
Become My Friend Find friends »

Recent Comments

Re: “Financing growth

Bob, The problem I see with an impact fee is that it raises the value of all property. For example, if one house is built in Wake County for $100,000, and then one month later (after the impact fee is added) an exact same house is built next door for $100,000 plus the impact fee of say $10,000, both houses will sell for in the marketplace for the same amount. But the person who didn't have to pay the fee just makes more. It is the nature of the free economy. You raise the cost of housing and all housing goes up. People sell their house for as much as they can. They might decide to not ask as much to move their house quicker, but they realize some gain, that is for sure.

Posted by c_harmons on 06/17/2007 at 6:19 PM

Extra Extra!

Make sure you're signed up so we can inbox you the latest.

  • Weekly Newsletter (Wednesday) - The stories in this week's issue
  • Weekly Events Newsletter - Our picks for your weekend and beyond

Login to choose
your subscriptions!

Favorite Places

  • None.
Find places »

Saved Events

  • Nada.
Find events »

Saved Stories

  • Nope.
Find stories »

Custom Lists

  • Zip.
 

© 2017 Indy Week • 320 E. Chapel Hill St., Suite 200, Durham, NC 27701 • phone 919-286-1972 • fax 919-286-4274
RSS Feeds | Powered by Foundation